When selling or purchasing real property in New Jersey, one ought to concentrate on sure switch taxes and other native New Jersey tax issues that may arise in connection with the transaction. For purchases of actual property, you don’t want to file a transfer tax return with the Tax Administration. To be able to purchase the Actual Property Transfer Stamp by mail, send all the mandatory paperwork as shown on the Real Property Transfer Tax Type (PDF) , along with a suitable type of fee (private or enterprise checks or cash orders) and a self addressed, postage paid return envelope.

California House Supply purchases a house that’s selected by the Lease-Purchaser and leases the property to the Lease-Purchaser for three years, whereupon the Lease-Purchaser assumes the mortgage. These include the New Jersey estate tax, the New Jersey inheritance tax, the federal property tax, the federal gift tax, the capital positive factors tax and the technology skipping transfer (GST) tax.

Divorce deeds – No tax is due on a deed between spouses or former spouses pursuant to a dissolution of marriage when the true property is transferred following the divorce and the property was their marital residence or an interest therein at the time of divorce. As you’ll have observed, only four of the six taxes named above are directly attributable to a transfer being made as the result of someone dying.